September 21, (THEWILL) – FirstBank Nigeria Limited, in furtherance of the need to expand diaspora remittance inflow into the country, has increased its network of International Money Transfer Operators (IMTOs).
The moves, the Bank in a statement issued by its Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney, said, is targeted at easing the accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner, adding that with over 750 branches across the country, customers can receive money from the nearest FirstBank branch closest to them.
While reiterating the Bank’s resolve in promoting diaspora remittances irrespective of one’s location, Deputy Managing Director, Gbenga Shobo, said: “at FirstBank, expanding our network of International Money Transfer Operators is in recognition of the significant roles diaspora remittances play in driving economic growth such as helping recipients meet basic needs, fund cash and non-cash investments, finance education, foster new businesses and debt servicing.
“We are excited about these partnerships, as it is essential to ensure our customers are at an advantage to receive money from their loved ones and business associates, anywhere they are, across the world.”
According to Shobo, over the years, FirstBank has been in partnership with Western Union, MoneyGram, Ria, Transfast, and WorldRemit.
“The bank is also in partnership with other IMTOs which include Wari, Smallworld, Sendwave, Flutherwave, Funtech, Thunes and Venture Garden Group to promote remittance inflow into the country, thereby putting Nigerians and residents at an advantage in receiving money from their families, friends and loved ones across the world”.
Shobo emphasised that beneficiaries can receive remittance in US dollars in any of our over 750 branches spread across the country. Customers without an existing domiciliary account can have a dollar account automatically created for their remittances.
“You can also receive inflow directly into your account through Western Union”.
In addition, FirstBank has launched its wholly owned remittance platform named First Global Transfer product to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa. These subsidiaries include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal.
FirstBank pioneered international funds transfer and remittances over 25 years ago and has been at the forefront of promoting cross border payments in the country, having started the journey with Western Union Money Transfer. The Bank’s wealth of experience and operation in over 750 locations nationwide gives it the edge in the market.